Finance and Markets - Transforming Money Into Wealth
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Gold Prices Could Hit $5,000 Says Billionaire Thomas Kaplan - Bloomberg Interview

Gold Prices Could Hit $5,000 Says Billionaire Thomas Kaplan - Bloomberg Interview | Finance and Markets - Transforming Money Into Wealth | Scoop.it
(Kitco News) - You can add another billionaire to the bullish gold camp as Thomas Kaplan, chairman and chief investment officer of Electrum Group said in a recent interview with Bloomberg that gold is on the cusp of a new decade long bull market.
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How the S&P 500 Performed During Major Market Crashes

How the S&P 500 Performed During Major Market Crashes | Finance and Markets - Transforming Money Into Wealth | Scoop.it
How does the COVID-19 market crash compare to previous financial crises? We navigate different contextual factors impacting crashes.
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Spot gold surges to record on stimulus hopes | Wealth Professional

Spot gold surges to record on stimulus hopes | Wealth Professional | Finance and Markets - Transforming Money Into Wealth | Scoop.it
Haven metal sees historic high as investors weigh weaker dollar and lowest-ever U.S. real yields
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China shows signs of hostility against U.S. - Washington Times

China shows signs of hostility against U.S. - Washington Times | Finance and Markets - Transforming Money Into Wealth | Scoop.it
Authorities in Beijing are taking steps that are setting off alarm bells inside the U.S. military and intelligence communities.
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China banks, regulators move to cool gold rush - Reuters

China banks, regulators move to cool gold rush - Reuters | Finance and Markets - Transforming Money Into Wealth | Scoop.it
Chinese regulators and major banks are rushing to curb precious metal trading by domestic investors to temper speculation that some fear could cause a repeat of this year's oil trading mishaps.
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GDP grows in May after unprecedented decline due to COVID-19

GDP grows in May after unprecedented decline due to COVID-19 | Finance and Markets - Transforming Money Into Wealth | Scoop.it
The real gross domestic product grew 4.5 per cent in May as provinces and territories started to reopen sectors of their economy after COVID-19 shutdowns.
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Consumer Spending Rose 5.6% in June

Consumer Spending Rose 5.6% in June | Finance and Markets - Transforming Money Into Wealth | Scoop.it
Consumers increased spending 5.6% in June but appear to have pulled back since then, restraining the economy’s recovery from the coronavirus outbreak.
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Silver: poor man’s gold no more?

Silver: poor man’s gold no more? | Finance and Markets - Transforming Money Into Wealth | Scoop.it
Investors have focused on a rise in record prices for gold, but silver’s up nearly 25% in July—the metal’s second-biggest monthly gain on record—an
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Gold logs record close, up a ninth straight session, then climbs after Fed policy statement

Gold logs record close, up a ninth straight session, then climbs after Fed policy statement | Finance and Markets - Transforming Money Into Wealth | Scoop.it
Gold futures tally a ninth gain in a row on Wednesday to settle at another record, then move even higher after the Federal Open Market Committe
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U.S. goods trade deficit narrows amid signs the global flow of goods is improving

U.S. goods trade deficit narrows amid signs the global flow of goods is improving | Finance and Markets - Transforming Money Into Wealth | Scoop.it
The United States' trade deficit in goods fell sharply in June as exports rebounded following several months of decline, suggesting a recovery in global trade after being severely disrupted by the Covid-19 pandemic.
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Coronavirus sent China’s use of gold plummeting in 2020, but demand for investment products rising

Coronavirus sent China’s use of gold plummeting in 2020, but demand for investment products rising | Finance and Markets - Transforming Money Into Wealth | Scoop.it
Gold consumption in China shrank 38 per cent in the first half of the year, the China Gold Association said on Tuesday, but demand started to pick up in the second quarter.
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Nasdaq-listed firm caught up in 83-tonne fake gold bars scam

Nasdaq-listed firm caught up in 83-tonne fake gold bars scam | Finance and Markets - Transforming Money Into Wealth | Scoop.it
Wuhan-based Kingold Jewelry is at the centre of what may be one of the biggest gold counterfeiting scandals in recent history.
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Investing: How to invest in gold, is now a good time to buy gold

Investing: How to invest in gold, is now a good time to buy gold | Finance and Markets - Transforming Money Into Wealth | Scoop.it
As global stock markets tick further into unchartered territory, another asset class has been catching investors' eyes: Gold. CNBC Make It spoke to the experts to find out whether now is a good time to invest.
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Will the Rest Of The World Drag Down China’s Economy?

Will the Rest Of The World Drag Down China’s Economy? | Finance and Markets - Transforming Money Into Wealth | Scoop.it
China’s gross domestic product has grown by 3.2 percent in the second quarter of 2020, but continued recovery will now be dependent on global reform.
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‘Ample room’ for more gold gains as hedge funds late to the party, adviser says

‘Ample room’ for more gold gains as hedge funds late to the party, adviser says | Finance and Markets - Transforming Money Into Wealth | Scoop.it
As gold surpasses $2,000 an ounce, one important part of the market has been left behind.
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Robinhood.Com - A Potential Game Changer For Gold And Silver Investment

Robinhood.Com - A Potential Game Changer For Gold And Silver Investment | Finance and Markets - Transforming Money Into Wealth | Scoop.it
The rise of no-commission, simple-to-use, brokerage platforms could have an enormous impact on the much more thinly traded precious metals equities.
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Chinese banks urged to switch away from SWIFT as U.S. sanctions loom - Reuters

Chinese banks urged to switch away from SWIFT as U.S. sanctions loom - Reuters | Finance and Markets - Transforming Money Into Wealth | Scoop.it
China should prepare for potential U.S. sanctions by increasing use of its own financial messaging network for cross-border transactions in the mainland, Hong Kong and Macau, according to a report from the investment banking unit of Bank of China.
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Ranking the World’s Biggest Economies Over the Last 40 Years

Ranking the World’s Biggest Economies Over the Last 40 Years | Finance and Markets - Transforming Money Into Wealth | Scoop.it
The coronavirus is scrambling the world economy. Here are the countries with the largest economies over the last 40 years.
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Consumer spending jumps 5.6% in June, but the U.S. recovery already appears to be slowing

Consumer spending jumps 5.6% in June, but the U.S. recovery already appears to be slowing | Finance and Markets - Transforming Money Into Wealth | Scoop.it
Americans increased spending on a variety of goods and services in June as more people returned to work and massive infusions of government ai
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Gold surges anew, heading back toward $2,000 an ounce

Gold surges anew, heading back toward $2,000 an ounce | Finance and Markets - Transforming Money Into Wealth | Scoop.it
Discover the top stories leading MarketWatch.
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Consumer sentiment falls in late July as coronavirus cases rise and federal aid gets set to expire

Consumer sentiment falls in late July as coronavirus cases rise and federal aid gets set to expire | Finance and Markets - Transforming Money Into Wealth | Scoop.it
Americans grew more worried about the economy toward the end of July after a fresh outbreak of coronavirus cases chipped away at the recovery and cas
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Understanding the Disconnect Between Consumers and the Stock Market

Understanding the Disconnect Between Consumers and the Stock Market | Finance and Markets - Transforming Money Into Wealth | Scoop.it
Consumer sentiment has dropped significantly since the emergence of COVID-19, but why haven't stock markets seemed to notice?
Ann Jackson's curator insight, July 30, 1:03 AM
Interesting and well thought out infographic on the diverging trend between consumer sentiment and the S&P 500 index.
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Hong Kong’s coronavirus-ravaged economy shrinks 9 per cent in second quarter

Hong Kong’s coronavirus-ravaged economy shrinks 9 per cent in second quarter | Finance and Markets - Transforming Money Into Wealth | Scoop.it
Another major slump in gross domestic product recorded in city stricken by Covid-19 crisis.
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This is what global economy look like in 2024

This is what global economy look like in 2024 | Finance and Markets - Transforming Money Into Wealth | Scoop.it
According to data from the World Bank and IMF, China is expected to take over the U.S. as the largest economy in 2024. India is expected to take 3rd place.
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The Impact of COVID-19 Shutdowns on the Gold Supply Chain

The Impact of COVID-19 Shutdowns on the Gold Supply Chain | Finance and Markets - Transforming Money Into Wealth | Scoop.it
Chains are only as strong as their weakest link. The COVID-19 shutdowns affected every link in the gold supply chain, from producers to end-users.
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Canada Just Invested $100 Million Into Vegan Meat

Canada Just Invested $100 Million Into Vegan Meat | Finance and Markets - Transforming Money Into Wealth | Scoop.it
Canada's vegan meat industry just got a boost. Justin Trudeau just announced a $100 million investment into plant-based protein.
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